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NLC’s Entrepreneurship and EconomicDevelopment team helps cities meet their economic security needs by building robust and inclusive economies. In the […] Source
This blog post attempts to identify which of these property tax breaks that might be relevant to a local government’s community and economicdevelopment plans. Under that exclusion, qualifying farmland is taxed at its present use (farming) rather than its true market value (for development).
Earlier this month, DFI examined how local governments in North Carolina have stepped in to make new affordable housing construction economically viable after a historic increase in construction costs and elevated interest rates. In August, the North Carolina Housing Finance Agency (NCHFA) released the latest funding awards for 2024.
The challenges facing real estate development today are well-known. A June 2024 survey of the nation’s largest developers found that two-thirds of multifamily projects in the pipeline are delayed because they are no longer economically feasible under current conditions. How have developers adapted to rising costs?
The Performance Management Process Cycle The adoption and implementation of performance management in community development, however, pose a unique challenge due to how these services are structured and organized. In North Carolina, community development is a municipal function for some local governments and a county function for others.
To attract, retain and expand businesses in today’s tight labor market, economicdevelopment organizations (EDOs) are becoming more involved than ever in partnerships to help meet employers’ talent pipeline and training needs. Lehigh Valley EconomicDevelopment Corporation in Pa.; What do those partnerships look like?
A problem on Market East and in Philadelphia, they said, is the city government only contemplates the future in response to developers’ wishes. Similarly, a school in her neighborhood is closing and she suggests it become a library, even though it's a good site for multiunit housing, when the main library is just a few miles away.
Housing is a basic issue for anyone interested in CED. Behind the headline are a host of issues that both foster hope in how to address affordable housing needs and the realization of the many steps it may take to get there. Manufactured homes are a statewide feature of North Carolina – we have more than almost any other state.
These posts are meant to inform local governments about current conditions facing private developers and real estate development projects in their communities. Figure 1) Source: Fannie Mae Developers continue to report challenges caused by high interest rates.
These two Banks are diving into issues such as housing affordability and the rural/urban divide in the Southeastern U.S. Beyond its many financial and economic responsibilities, one of the stated key functions of the system is to promote community development through the regional Federal Reserve Banks. Copyright: Public Domain.
This blog post is the first in a regular series aimed at informing local government partners about current conditions facing private developers and development projects in their communities. In 2021, for example, a developer able to secure a $5 million loan with 3.5% Louis FRED Economic Data. With an interest rate of 8.5%
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. 3sBeDBa By 2040 the # of households headed by 80+ year olds will double but we don’t have the right housing.
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. Follow us on twitter or facebook to receive regular updates.
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. DFI in the news: Report on upcoming Transylvania housing summit cites UNC DFI research in Brevard.
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. US Treasury revised ARPA SLFRF eligibility to allow loans for 20+ year restricted affordable housing for those earning 65% AMI or below.
These posts are meant to inform local governments about current conditions facing private developers and development projects in their communities. In the months leading up to the Fed’s announcement, commercial real estate developers continued to report project delays caused by high interest rates. See Figure 1. link] [2] St.
I started reading Crain's Detroit Business and both Warren--home to GM's technical engineering operations, and Livonia--primarily a community of residential housing, are both either developing or considering the development of downtowns. -- " Warren resurrects plans to develop a downtown " -- " Livonia wants to build a downtown.
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. Follow us on twitter or facebook to receive regular updates. Items of interest related to CED in North Carolina: N.C.
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. Follow us on twitter or facebook to receive regular updates. 3KHDhH8 Last month’s edition of “What @sog_ced is reading….”
Housing Choice Vouchers are a critical source of funding for North Carolina’s lowest income renters to access affordable housing. 1] The program works by requiring voucher holders to pay a third of their income, while HUD covers the remaining portion of the housing costs.
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. Developer selected by City; universities have option of ownership interest. Follow us on twitter or facebook to receive regular updates.
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. 42NOmg0 Politico examines the value of collecting better “housing loss” data – foreclosures, evictions, eminent domain, etc.
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. Follow us on twitter or facebook to receive regular updates. Housebound residents can request delivery to their door.
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. Follow us on twitter or facebook to receive regular updates. Last month’s edition of “What @sog_ced is reading….” October 2022.
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. 45rV6R4 The market’s answer to demand for affordable housing? Manufactured housing. News and Observer article: [link] bit.ly/45rV6R4
Can murals be a gateway to a more developed revitalization program? Often, city arts functions are part of the "economicdevelopment" cluster of city agencies. For example, Arts Councils probably need to add some economicdevelopment planners. The Drury students came up with the idea for the House of Art(s).
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. Items of interest related to CED in North Carolina: NC Housing Finance Agency blogs about latest data on housing cost burden in North Carolina.
North Carolina suffers from a lack of affordable housing options for low and moderate income households. In a May 2022 post , Tyler outlined many of the ways in which North Carolina’s local governments can aid the development of privately owned affordable housing.
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. Follow us on twitter or facebook to receive regular updates.
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. 3rXSBb6 Wilson NC housingdevelopment featured by US Department of Housing and Urban Development.
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. North Carolina featured: Raleigh converted hotel to supportive housing and NC made investments in water and sewer infrastructure.
Housing costs and supply are dominating the news at the moment. Housing is the highest monthly bill typical Americans face, reaching an average of $1674 a month in 2021. Housing prices have increased far faster than incomes (Miller 2015), making affordable homeownership inaccessible for many aspiring homeowners (Hackett et al.
Amidst a season of tragedy surrounding affordable housing during the harshest weather season of the year, Andy talks about what has caused our affordable housing crisis, the pros and cons of Accessory Dwelling Units, and some of the housing victories we have seen locally. Episode transcript available here: [link].
In fact, a significant new resource on local food system development (discussed below) was released just this morning. Many of the suggestions put forth at the conference related to creating sustainable economicdevelopment in food systems by improving connections and access, both from the business and the consumer side.
Episode 77: CRA Tips: CDCs - Your Partners in Community Development [link] I recently walked a CRA officer through a potential loan transaction in partnership with a community development corporation, otherwise known as a CDC. Either way, these mission based organizations are great partners in community development.
Every year cities, towns and villages throughout the nation issue bonds to fund capital projects for affordable housing, water, sewer, education, sidewalk repairs, economicdevelopment, and other areas.
Episode 65: CRA Tips: Revisiting the Fundamentals: A Community Development Loan Primer [link] This episode will lay the foundation for community development loans as it relates to your CRA program. Community development loans must have a primary purpose of community development.
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. See also Maureen Berner’s post on mobile homes as a significant source of affordable housing in NC. unc.live/3SEV3f6. September 2022.
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. Port City Daily reports on ARPA rule change that clears the way for loans for affordable housing, enabling new development in Wilmington.
Vacant house and lots in the Larimer neighborhood. The Pittsburgh Post-Gazette has an article, " Pittsburgh’s neighborhoods pay the price for abandoned and decrepit homes ," about how Pittsburgh's lower income neighborhoods suffer from serious housing disinvestment. Better off segments have the money to maintain aging houses.
DC received a scathing report from HUD about the failures in managing the city's public housing stock of 8,000 units, 25%--2,000-are vacant because most are uninhabitable (" D.C. Housing Authority’s leadership is failing, HUD report says ," Washington Post ). Council votes for $8 billion Medicaid contracts, housing overhaul ," Post ).
The following are articles and reports on the web that the Community and EconomicDevelopment Program at the UNC School of Government shared through social media over the past month. DFI in the news: UNC DFI helps Buncombe County consider whether their downtown assets might be repurposed for affordable housing: bit.ly/3ugHBDC.
Amidst a season of tragedy surrounding affordable housing during the harshest weather season of the year, Andy talks about what has caused our affordable housing crisis, the pros and cons of Accessory Dwelling Units, and some of the housing victories we have seen locally.
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